Savvy Advisors Inc. Makes New $579,000 Investment in GE Vernova Inc. (NYSE:GEV)

Savvy Advisors Inc. bought a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,761 shares of the company's stock, valued at approximately $579,000.

A number of other institutional investors have also added to or reduced their stakes in GEV. Cedar Mountain Advisors LLC grew its stake in GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after buying an additional 39 shares in the last quarter. MRP Capital Investments LLC purchased a new position in GE Vernova in the fourth quarter worth $25,000. Fairway Wealth LLC increased its stake in GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after acquiring an additional 55 shares during the last quarter. Pineridge Advisors LLC raised its position in GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after purchasing an additional 69 shares in the last quarter. Finally, Pinpoint Asset Management Ltd purchased a new position in shares of GE Vernova in the 4th quarter worth about $30,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of several research reports. New Street Research set a $380.00 target price on GE Vernova in a research note on Wednesday, March 5th. Robert W. Baird dropped their target price on GE Vernova from $448.00 to $387.00 and set an "outperform" rating for the company in a report on Tuesday. BMO Capital Markets dropped their target price on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group increased their price target on shares of GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Finally, Baird R W raised shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $357.13.

GE Vernova Price Performance

NYSE:GEV traded down $5.36 during midday trading on Friday, hitting $322.81. The company's stock had a trading volume of 2,859,246 shares, compared to its average volume of 3,367,032. GE Vernova Inc. has a fifty-two week low of $132.11 and a fifty-two week high of $447.50. The firm's 50 day moving average is $321.67 and its 200-day moving average is $329.61. The firm has a market cap of $88.24 billion and a P/E ratio of 58.06.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.57). The business had revenue of $10.56 billion during the quarter, compared to analysts' expectations of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.31%. GE Vernova's dividend payout ratio is presently 17.99%.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.